The article makes a couple good points, but also makes major mistakes and omissions.
Sanctions are not the main thing driving up the global price of oil. They likely are not even 10% of the increase. US and Europe’s policies on energy are mostly to blame.
This war is NOT petering out. At least not yet. Zelenskyy MIGHT wave the white flag tomorrow, but, with well over 10k ManPad and ManPatt missiles still on hand, he may try to play the long game. This appears to be NATO’s strategy.
The article fails to address at all those fleeing Ukraine I’m beginning to think the estimates of 5 million refugees, that at first seemed almost incomprehensible, will turn out to be low. The repercussions will be enormous. (Did anybody in 1948 expect the Palestinians to be a problem that just keeps on growing, generation after generation?)
Putin really needs oil to be more like $70 - $80.
If the Biden admin. does not come to its senses and strongly ramp up oil and gas production, or at least initiate a major program to do so, the Republicans, if they have any political acumen at all, will slay the Dems in this fall’s elections. Will the Pubs take advantage of this beyond energy policy? I’m not optimistic, but, we shall see.
Major food shortages appear to be in the offing. I expect this to be dynamite.
If Putin ends up with defacto control of a large part or even all of Ukraine, he’ll have to seal those borders, and, the repression within will be extreme. The self-inflicted wound will go on bleeding until something breaks.
Pres. Trump points out that Japan and Germany (Europe in general, I would add) arming up has a very bad history. To which nukes are now part of the picture. We have a lot of self-absorbed FReepers lacking the acumen to understand the forces at work, and what they will lead to.
A paradigm buster. It won't be shortages during the plandemic "Gee, my tp choices are Scott's which you can strike a match on, versus overpriced Seventh Generation recycled tp -- yuk", it will be outright empty shelves of staples.